HighTower Advisors LLC Invests $167,000 in Superior Group of Companies, Inc. (NASDAQ:SGC)

HighTower Advisors LLC acquired a new stake in shares of Superior Group of Companies, Inc. (NASDAQ:SGC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,800 shares of the textile maker’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in Superior Group of Companies by 148.4% in the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after purchasing an additional 1,729 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Superior Group of Companies by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares during the period. Algert Global LLC bought a new position in shares of Superior Group of Companies in the 2nd quarter worth approximately $192,000. Cannon Financial Strategists Inc. purchased a new position in shares of Superior Group of Companies in the second quarter worth approximately $261,000. Finally, Sei Investments Co. bought a new stake in Superior Group of Companies during the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Wall Street Analyst Weigh In

SGC has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Barrington Research raised their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $16.04 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. Superior Group of Companies, Inc. has a 12 month low of $11.66 and a 12 month high of $21.80. The stock has a market cap of $262.11 million, a price-to-earnings ratio of 19.33, a PEG ratio of 2.15 and a beta of 1.46. The company’s 50 day moving average is $16.25 and its two-hundred day moving average is $16.52.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same period last year, the firm earned $0.19 EPS. As a group, research analysts anticipate that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio (DPR) is 67.47%.

Insider Buying and Selling

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the completion of the transaction, the director now owns 205,281 shares of the company’s stock, valued at $3,350,185.92. This represents a 5.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.50% of the stock is currently owned by company insiders.

Superior Group of Companies Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.